Global Electronic Data Interchange Market (2019 to 2027) - COVID-19 Impact and Global Analysis - ResearchAndMarkets.com

The "Electronic Data Interchange Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Component; Type; Industry" report has been added to ResearchAndMarkets.com's offering.

Electronic data interchange (EDI) is a process of transaction of business documents basically standard electronic format between the organization and trade partners. For instance, some of the common materials that are interchanged with the help of EDI are invoices, purchase orders, and advance ship notices.

However, there are numerous other documents such as customs documents, bill of lading, inventory documents, payment documents, and shipping status documents. EDI allows organizations to regulate the exchange of data between supply chain applications. EDI helps the organization and guarantees about the business-critical data to be sent on time. The EDI replaces traditional business communication with mail preparation and automatic handling.

Though, it helps the organizations to standardize the information interchanged via business documents, which makes it a paperless exchange. An efficient EDI transaction enhances the overall data exchange process with seamless automation of B2B workflows, as well as effective integration of the external and internal systems, cloud ecosystems, and applications.

Additionally, many governments are mandating the adoption of EDI solution to do business in specific countries for receiving and sending data from organizations to trading partners. EDI solution providers are offering various solutions with benefits such as compliance features to tackle the complex country regulations as well as to protect them from any risk associated with the regulatory compliances that affect "procure to pay" and "order to cash" business processes. The EDI standard formats of a document on which the data interchange depends is managed and efficiently interpreted by computers, so that it can be easily understood by both parties. The EDI solutions permit organizations to enhance the overall workflow performance, which is one of the significant factors that drive the global EDI market during the forecast period.

The global EDI market is segmented on the basis of component, type, and industry. Based on solution, the market is segmented into solution and services. Based on type, the market is segmented into Direct EDI, EDI via AS2, EDI via VAN, Mobile EDI, Web EDI, EDI outsourcing, and Others. Based on industry, the market is segmented into BFSI, Retail and consumer goods, healthcare, IT and telecommunication, transportation and logistics, and others.

Reasons to Buy

• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the electronic data interchange (EDI) market, thereby allowing players to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect technology and solution type.

Market Dynamics

Drivers

• Adoption of EDI Transactions and Standards help in Seamless Workflow
• Rising Digital Transformation Across Industries

Restraints

• Emergence of Security Threats and Attacks

Opportunities

• Growing Adoption EDI Outsourcing Services

Future Trends

• Rising Adoption of EDI Solution with Blockchain Technology

Companies Mentioned

• Mulesoft, LLC
• SPS Commerce, Inc
• TrueCommerce Inc.
• IBM Corporation
• Cleo
• The Descartes Systems Group Inc
• Data Masons Software LLC
• Crossinx GmbH
• EDICOM
• Comarch SA

For more information about this report visit https://www.researchandmarkets.com/r/8dppwz

View source version on businesswire.com: https://www.businesswire.com/news/home/20200824005353/en/